Richard Simcox and his wife, Emily, transformed their careers after losing their jobs in 2021. Living in Leigh, near Manchester, they sought a solution that would provide both financial security and family time. They turned to franchising and established a successful business, Computer Xplorers, which focuses on teaching children technology skills.
Transitioning from 9-5 Jobs to Business Ownership
The couple faced challenges when Richard was made redundant after a 20-year teaching career. Emily, who had worked in fashion design and breastfeeding support, also experienced job loss. This significant transition pushed them to explore business ownership options.
Discovering a Franchise Opportunity
While researching franchise businesses, Richard and Emily learned about Computer Xplorers, which offers after-school and holiday computer clubs for children. Their backgrounds in education and design made this venture a perfect fit.
Scaling Their Franchise Business
Starting in 2021 with zero clients, they have rapidly expanded to operate 15 after-school clubs, three weekend academies, and five holiday clubs across Bolton, Wigan, Warrington, and St Helens. They now employ 20 staff members, and their oldest child actively participates in running the holiday clubs.
Financial Growth and Work-Life Balance
- The business achieved a turnover of over £230,000 in 2024.
- Richard and Emily earn more than they did in their previous 9-5 jobs.
- In comparison, the average salary for an assistant headteacher is around £58,000, while a senior fashion designer earns approximately £35,000 in Manchester.
Richard emphasizes the importance of understanding cash flow, noting the fluctuations in monthly invoices. Starting their franchise required an initial investment of £14,995, along with VAT and annual royalty and marketing fees. To fund their venture, they obtained a loan from a bank specializing in franchise opportunities.
Advice for Aspiring Franchise Owners
The couple encourages potential franchisees to consult with their franchisor early in the process for funding advice. They emphasize the importance of having a solid business plan that outlines market analysis and customer retention strategies.
Finding Family Time Amidst Business Demands
Despite the busy schedule, Richard and Emily value family time. Richard shares that he now has the flexibility to engage in activities with his children, such as hiking. The couple strives to balance work commitments with family needs, highlighting the essence of their business choice.
Future Considerations for Their Franchise
As they approach the tenth anniversary of their business, Richard and Emily plan to hire a business manager. This step will help streamline operations and allow them to focus on the business’s sustainability and competition within the children’s activities sector.
Looking ahead, they remain committed to maintaining and growing their business while ensuring they have ample time for their family. Their journey exemplifies how transitioning from traditional jobs to business ownership can lead to improved work-life balance and greater family connections.
